What type of transaction is recorded in the purchases journal? Multiple Choice purchases of equipment on credit purchases of equipment for cash purchases of merchandise inventory for cash purchases of merchandise inventory on credit Freight charges paid by the buyer of merchandise are debited to Multiple Choice Merchandise Inventory. Freight In. Purchasing Expense. Sales Expense. On March 19, Modern Kitchens, a retail store, received Credit Memorandum 244 for $4,260 from J \& M Appliance Corporation. The credit memorandum covered a return of damaged trash compactors originally purchased on Invoice 4101 dated February 3. Prepare the general journal entry that Modern Kitchens would make for this transaction. Journal entry worksheet Record for the credit memo received for damaged merchandise. Note: Enter debits before credits. On April 7, New World Appliances was given an allowance of $1,100 by Upscale Kitchens, which issued Credit Memorandum 112 . The allowance was for scratches on stoves that were originally purchased on Invoice 911 dated March 20. Prepare the general journal entry that New World Appliances would make for this transaction. Journal entry worksheet Record the entry for the credit memo received for the damaged merchandise. Note: Enter debits before credits. Complete the following schedule by supplying the missing information. On June 30 the general ledger of Beverly Hills Clothiers, a clothing store, showed a balance of $52,895 in the Purchases account, a balance of \$2,815 in the Freight In account, and a balance of \$5,100 in the Purchases Returns and Allowances account. What was the delivered cost of the purchases made during June? What was the net delivered cost of these purchases